Nucor Projects Q4 Earnings to Decline on Lower Selling Prices

Nucor Corporation (NUE) expects fourth-quarter 2024 earnings to be between 55 and 65 cents per share. Nucor reported earnings of $1.05 per share in the prior quarter and$3.16 per share for fourth-quarter 2023.Losses and asset impairments for the third quarter of 2024 include non-cash charges of $83 million, or 27 cents per share and$40 million, or 17 cents per share, for the impairment of certain non-current assets in the raw materials and steel products segments, respectively.The primary reason for the p ...